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$PIXEL – Bounce pushing higher but starting to stall into this area

Trading Plan Short $P$PIXEL max 10x )

Entry: 0.0087 – 0.0092

SL: 0.01

TP: 0.0081

TP: 0.0075

TP: 0.0069

The bounce managed to extend higher but the advance is beginning to slow down around this zone. Buyers tried to keep the move going, though the follow-through now looks weaker and the structure is turning more choppy. Instead of a clean continuation higher, price is starting to grind into resistance. Sellers appear to be gradually stepping back into the market, and when the upside begins to stall like this it often leads to another leg lower once buying pressure fades.

Luna trades

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PIXEL

0.00796

-3.28%